This year is only 2023, and there is no consensus on higher prices yet. From the perspective of the general trend, whether the currency circle is really rising or falsely rising depends directly on the increase in funds. The most important one is the issuance of USDT. In the past few surges in the industry, a large amount of hot money used legal currency to purchase USDT, causing its issuance to increase sharply. For example, in 2020 and the first half of this year, a large number of incremental funds entered the market, and the currency price also rose. It started to soar, and now the total amount of USDT has finally begun to rise again after being dormant for half a year, and the number of U now exceeds the level of the 21-year bull market. This is very scary. You must know that Bitcoin was 69,000 at that time. , and now it is less than 40,000, so this rise is not a false alarm.

In fact, from the perspective of value investment, as long as the stable currency continues to increase in the future, then I think it will rise again after it breaks through and falls back, for example, falls back to 32,000, so in addition to looking at the K-line, follow-up The issuance of USDT is actually more worthy of our investors’ attention. Since we talk about value investment, will the adoption of this spot ETF really have a big impact on Bitcoin?

Let’s talk about the data. What is the price performance of gold, which is a value storage tool like Bitcoin, before and after the approval of the ETF? The results are obvious. The gold ETF was only passed in the United States in 2004. Dozens of years ago As you have seen this year, the trend of gold has not improved at all. It even fell for 10 consecutive years before. But after the approval of ETF in 2004, everything changed. The price of gold has risen like a rocket for 10 consecutive years, and the price has doubled. 5 or 6 times, which is very scary. For such an important thing as gold, his ETF must have been available for a long time, but the fact is that his ETF has only been approved for 10 years, not that long.

And now his challenger Bitcoin is here. Wall Street has been speculating on gold for over 10 years, but it has been unable to rise, so now they have changed the target for speculation, so once Bitcoin passes, its price will be within these few days. The annual increase is very fast. I think it should not be difficult to reach 200,000 US dollars in this bull market, because the current market value of Bitcoin is too small, only a few hundred billion, and the number is scarce, only 21 million, while gold has 130,000. With a market value of 100 million, coupled with annual natural inflation, it is not nonsense to say that one Bitcoin will reach 1 million in the next 10 years.

Wall Street now expects the Federal Reserve to cut interest rates at least 4 to 5 times next year, which is definitely a big move. Coupled with the various economic stimulus measures in the U.S. election, this will be a shot in the arm for all types of capital markets.

The second news is more positive. I believe everyone has some experience of how crazy Koreans are in speculating on currencies. Bithumb, the second largest exchange in South Korea, has now received shocking news. According to Korean media disclosures:

Bithumb is in the process of raising funds through its IPO. It will be listed on NASDAQ in the United States in late 2025. Another heavyweight in the currency circle is about to go public. The listing of Coinbase, which had a similar trading volume to him, has brought Bitcoin from 40,000 to 40,000. It flew directly to 60,000, and this time the people on the board were crazy Koreans. I couldn’t imagine how crazy they would be. At that time, we can also deploy some Korean-concept currencies, such as SXP and ICX, which are Korea’s most popular currencies. new currency before.

And not only Bithumb, there will be many companies in the currency circle going public in the next year. For example, the USDC parent company Circle mentioned last time is also IPO, so starting from next year, various institutions will make every effort to pull the market, and the currency circle will definitely There are climaxes one after another, and one wave after another rises. As those of us who made plans in the bear market, that is the moment when our dreams come true, and I will accompany you to become rich one by one.